Cant repay Credit card quick enough

klo181190

I currently have £1200 on my credit card with no other debt.
I have a barclaycard and the intrest is seemingly high!
I can only afford to pay £100 back a month and was wondering if there was anywhere better to swap this too!

Thanks

[Deleted User]

As you already have a barclaycard you won't be able to get their balance transfer card so the next best is the MBNA at 0% interest for 20 months. You will have to pay a 2.5% fee though.

klo181190

Hi,

Thanks for your response. Waht does this mean a 2.5% fee?
Also will it cost to swap it over?

YorkshireBoy

klo181190 wrote: »

Waht does this mean a 2.5% fee?
Also will it cost to swap it over?

You've answered your own question!

This article may help further...

http://www.moneysavingexpert.com/cards/balance-transfer-credit-cards

ALIBOBSY

Another option is to look at all your spending to see where you can cut back to increase the amount available to repay as well.

Ali x

pogg000

@2.5% it will cost you £30 to swop over to interest free


But keep paying £102.50 a month you will have it cleared in a year